Valsen Corporate

Ireland Investment Manager License

Ireland Investment Manager License
Key Features
A UCITS must appoint an investment manager who manages the investments made by a UCITS. The discretionary investment manager does not need to be located in Ireland and, for the most part, is typically not located in Ireland. Any investment manager (and a discretionary investment adviser) to be appointed by a UCITS must be approved to act as such by the Central Bank. Essentially the Central Bank must be satisfied that the discretionary manager is authorised by an appropriate regulatory authority and is subject to ongoing supervision.
 
Legal Requirements
 

Requirements

Description

General
  • Corporate  vehicle permitted

Investment company
  • Local physical office required

No

Share capital or equivalent
  • Minimum paid-up capital

EUR 125,000  plus 0.02% of the amount by which net assets exceed EUR 250 million

Directors
  • Minimum number

3
  • Corporate directorship allowed

No
  • Local director required

Minimum of 2 local directors

Shareholder
  • Minimum number

1
  • Corporate shareholders allowed

Yes
  • Local  shareholders required

No

Service Providers Required
  • Company secretary

Yes
  • Auditors

Yes

 
Tax Treatment
 
Authorised Irish funds are tax exempt, except to the extent that they have Irish resident investors.
Transfers of units in Irish funds are exempt from Irish stamp duty.

 
Duration to Set Up
About 3 weeks

 
Distinctive Benefits of Licence
 

  • Ease and speed of establishment
  • Favourable tax regime
  • Globally reputable regulatory environment

 
The Valsen Advantage

  • End to end comprehensive service
  • Speedy and efficient service
  • Expert advice on structuring options
  • Dedicated ongoing compliance support
  • Extensive network pool of service providers